At Benchmark Senior Living, we impact lives through human connection. We are thought leaders creating quality experiences and inspiring personal growth for all who engage with us. We just happen to imagine, build and manage beautiful, private-pay communities geared toward older adults. Are you Called to Care about your work, other people and making a difference? Do you believe that people and teams are Better Together than going it alone? Are you always striving to Be the Benchmark by which all others are measured? Then our core values match. Connect with us –and to what truly matters!
Benchmark Senior Living, based in Waltham, Massachusetts is the largest privately held provider of senior living services in the Northeast and is committed to setting the standard of excellence in senior housing. The company develops, owns and manages an array of senior living communities which offer independent living, assisted living, and specialized assisted living for the memory impaired. Benchmark operates 53 communities in Connecticut, Massachusetts, New Hampshire, Vermont, Rhode Island, Maine and Pennsylvania.
We are currently recruiting for an Insurance Administrator to be located at our corporate office in Waltham, MA. The Insurance Administrator will coordinate and manage the administration of risk financing efforts for all lines of insurance coverage for Benchmark under the direction of the VP of Enterprise Risk Management.
The Insurance Administrator, will be responsible for gathering data, preparing applications, monitoring and maintaining all corporate insurance policies and bonds (30+ lines D&O, E&O, EPL, Crime, Fiduciary, Property, Comp, GL, PL, Auto, Excess, Builders’ Risk, Pollution, Cyber, etc.) while engaging and managing industry relationships including brokers, underwriters, actuaries, third-party administrators, etc. Track and monitor insurance schedules and related premiums. You will assist in identifying risk exposures and analyzing and classifying risks; perform policy review; assist team and business partners to implement programs and policies to mitigate risks (loss prevention, loss control, risk transfer); research and compile loss trends; review actuarial estimations; issue and track automobile insurance cards; and issue Certificates of Insurance as required by customers and request certificates from vendors and independent contractors. You will lead and coordinate policy renewals and prepare applications for all lines of coverage. Assist communities with the implementation and compliance of Company’s risk management policies and procedures. Assist in the preparation of 1st party claim recoveries. Administer the Company’s Enterprise Risk Management Information System (ERM) and produce regular reports. Assist preparation of presentation materials for internal management. The Board, capital partners and other stakeholders. Respond to all questions and requests for information in a timely and professional manner. Perform other duties as assigned.
Administratively, you will review and analyze policies, verify billing, calculate payments and process wire transfers for claim loss funding and insurance-related invoices; coordinate filing and storage of insurance documentation, and provide general administrative support for the team. You will be responsible for assisting in the development of risk financing budgets, the coordination and administration of insurance certificates, verifying billing, and allocating risk transfer and related costs company-wide. Complete special projects as assigned.
Bachelors’ degree (concentration in Business, Finance or Risk Management) with 2 or more years of relevant experience as an insurance administrator, property/casualty insurance analyst, insurance broker’s administrator or other related position in the property/casualty insurance industry.
Strong PC skills with effective communication, analytical and problem solving abilities. Must have strong attention to detail. Ability to handle multiple tasks and prioritize effectively, while meeting deadlines.
ARM or CPCU designation or licensed insurance broker preferred
Experience in an ERM environment is a strong plus
Significant experience in casualty markets.
Strong analytical, quantitative and problem solving abilities.
Knowledge of financial analysis tools and technologies
Excellent written and verbal communication and presentation skills
Highly proficient with Microsoft Office and skilled in use of Excel, Word and PowerPoint
Additional Salary Information: range $55k to $65k
About Benchmark Senior Living
Benchmark Senior Living, based in Waltham, Massachusetts is the largest privately held provider of senior living services in the Northeast and is committed to setting the standard of excellence in senior housing. The company develops, owns and manages an array of senior living communities which offer independent living, assisted living, and specialized assisted living for the memory impaired. Benchmark operates 59 communities in Connecticut, Massachusetts, New Hampshire, Vermont, Rhode Island, Maine, Pennsylvania and New York.